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98% of businesses in New England
meet the basic eligibility requirements for SBA 504 financing.
Loans to Small Businesses
Total Project Financing
What’s the deal?
Borrowers can obtain up to 90% financing, with up to 40% from Bay Colony at a 10, 20 or 25-year below market fixed rate and 50% from the participating lender at a conventional market rate.
Who can borrow?
What can the money be used for?
How large (or small) could the project size be?
Why Bay Colony?
Where is financing available?
Recently Funded Projects
Loans Funded February 2023
Loans funded in February 2023 ranged from $94,000 to $2,555,000 and provided assistance to businesses located in Marlborough, Pepperell, Townsend, Lee, Brookline, Amesbury, MA as well as Woodstock, VT. The projects will contribute to the creation of 8 Jobs.
Loans Funded January 2023
Loans funded in January 2023 ranged from $113,000 to $1,851,000 and provided assistance to businesses located in North Reading, Lee, Mashpee, Salem, Lynn, Reading, Framingham, Chicopee, MA as well as Farmington, CT, and Smithfield, RI. The projects will contribute to the creation of 46 Jobs.
Loans Funded December 2022
Loans funded in December 2022 ranged from $163,000 to $2,734,000 and provided assistance to businesses located in Bellingham, Chelmsford, Rockland, Holliston, Groveland, Jamaica Plain, Lynn, Boxborough, Cambridge, Peabody, North Reading, MA as well as Nashua, Portsmouth, NH, and Warwick and Smithfield, RI. The projects will contribute to the creation of 85 Jobs.